Insider Buying: TKO Group Holdings, Inc. (NYSE:TKO) Major Shareholder Purchases 89,234 Shares of Stock

TKO Group Holdings, Inc. (NYSE:TKO) major shareholder Patrick Whitesell acquired 89,234 shares of the firm’s stock in a transaction dated Monday, January 27th. The stock was bought at an average cost of $153.18 per share, with a total value of $13,668,864.12. Following the acquisition, the insider now owns 1,347,034 shares in the company, valued at approximately $206,338,668.12. This trade represents a 7.09 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Patrick Whitesell also recently made the following trade(s):

• On Thursday, January 23rd, Patrick Whitesell purchased 120,958 shares of TKO Group stock. The stock was bought at an average cost of $150.92 per share, with a total value of $18,254,981.36.
• On Tuesday, January 21st, Patrick Whitesell acquired 108,476 shares of TKO Group stock. The shares were purchased at an average cost of $144.13 per share, for a total transaction of $15,634,645.88.
• On Friday, January 17th, Patrick Whitesell bought 125,589 shares of TKO Group stock. The stock was purchased at an average price of $143.06 per share, with a total value of $17,966,762.34.
• On Monday, December 16th, Patrick Whitesell acquired 263,200 shares of TKO Group stock. The stock was purchased at an average cost of $146.97 per share, with a total value of $38,682,504.00.
• On Friday, December 13th, Patrick Whitesell bought 245,887 shares of TKO Group stock. The shares were purchased at an average cost of $142.45 per share, for a total transaction of $35,026,603.15.
• On Wednesday, December 11th, Patrick Whitesell purchased 31,352 shares of TKO Group stock. The stock was acquired at an average cost of $142.03 per share, with a total value of $4,452,924.56.

TKO Group Trading Up 0.2 %

TKO Group stock traded up $0.37 during trading on Monday, reaching $153.45. 771,592 shares of the company were exchanged, compared to its average volume of 825,330. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. The stock’s 50 day simple moving average is $141.92 and its two-hundred day simple moving average is $126.27. The company has a market capitalization of $26.20 billion, a P/E ratio of -365.35 and a beta of 1.07. TKO Group Holdings, Inc. has a 52-week low of $78.69 and a 52-week high of $154.25.

TKO Group (NYSE:TKO) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.28). TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. The company had revenue of $681.20 million for the quarter, compared to analysts’ expectations of $665.12 million. During the same quarter in the prior year, the firm earned $0.52 EPS. The firm’s revenue was up 51.7% on a year-over-year basis. On average, equities research analysts expect that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

Institutional Trading of TKO Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Choreo LLC lifted its position in shares of TKO Group by 32.3% during the fourth quarter. Choreo LLC now owns 8,014 shares of the company’s stock worth $1,149,000 after purchasing an additional 1,957 shares in the last quarter. Retirement Systems of Alabama increased its stake in TKO Group by 0.3% during the 4th quarter. Retirement Systems of Alabama now owns 80,911 shares of the company’s stock worth $11,498,000 after buying an additional 204 shares during the period. Ninety One SA PTY Ltd boosted its position in TKO Group by 9.7% in the 4th quarter. Ninety One SA PTY Ltd now owns 69,116 shares of the company’s stock valued at $9,822,000 after buying an additional 6,089 shares during the period. Ninety One UK Ltd boosted its position in TKO Group by 4.1% in the 4th quarter. Ninety One UK Ltd now owns 4,151,608 shares of the company’s stock valued at $589,985,000 after buying an additional 163,980 shares during the period. Finally, Spire Wealth Management acquired a new position in shares of TKO Group in the fourth quarter worth $54,000. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on TKO. Roth Mkm raised their price objective on TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. UBS Group boosted their price target on shares of TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Guggenheim increased their price objective on shares of TKO Group from $135.00 to $140.00 and gave the company a “buy” rating in a report on Monday, September 30th. The Goldman Sachs Group boosted their target price on shares of TKO Group from $142.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday. Finally, TD Cowen raised their price target on shares of TKO Group from $140.00 to $143.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $141.21.

About TKO Group

TKO Group Holdings, Inc operates as a sports and entertainment company. The company produces and licenses live events, television programs, and long-form and short-form content, reality series, and other filmed entertainment on digital and linear channels and via pay-per-view. It is involved in the merchandising of video games, apparel, equipment, trading cards, memorabilia, digital goods, and toys, as well as sale of travel packages and tickets.